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Dec 3, 2012
12/12
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. >> reporter: on fox news 2 sunday speaker john boehner was not optimistic. >> i would say we're nowhere. period. we're nowhere. >> reporter: earlier this week house gop members rejected a proposal from the white house that included tax hikes, spending cuts and $50 billion in new stimulus. >> we've put a serious offer on the table by putting revenues up there to try to get this question resolved. but the white house has responded with virtually nothing. >> reporter: if nothing is done and the gridlock continues, about 110 billion in spending cuts and a $500 billion tax increase will automatically start to take effect in 2013. and the tax policy center estimates the average american household would ring in the new year owing about $3500 more on their taxes. republican senator lindsey graham says it's a possibility. >> i think we're going over the cliff. it's pretty clear to me they've made a political calculation. >> blaming democrats for not doing enough to meet republicans halfway. >> the president plans when it comes to entitlement reform, this quite frankly a joke. >> reporter: with l
. >> reporter: on fox news 2 sunday speaker john boehner was not optimistic. >> i would say we're nowhere. period. we're nowhere. >> reporter: earlier this week house gop members rejected a proposal from the white house that included tax hikes, spending cuts and $50 billion in new stimulus. >> we've put a serious offer on the table by putting revenues up there to try to get this question resolved. but the white house has responded with virtually nothing. >>...
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Nov 29, 2012
11/12
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boehner. the two agreed it was in foeryone's best interest to get a fiscal cliff deal sooner rather than later, both agreed to aim for one before christmas, but they also acknowledged, scott, it will be very difficult to achieve that. >> pelley: thank you, major. will the president's team find a receptive republican congress? nancy cordes is on capitol hill for us tonight. nancy. >> reporter: well, scott, one top republican aide actually told me today that he sees these talks as one-sided, that republicans have been making all the proposals, and speaker boehner said he's still waiting for a balanced offer from the white house. >> republicans are willing to att revenue on the table but it's time for the president and democrats to get serious about the spending problem that our country has. >> reporter: today on capitol hill, erskine bowles met with both sides. he's the co-chair of simpson- bowles commission that drew up a leading plan to cut the federal debt. >> i upon hopeful but i wouldn't pu
boehner. the two agreed it was in foeryone's best interest to get a fiscal cliff deal sooner rather than later, both agreed to aim for one before christmas, but they also acknowledged, scott, it will be very difficult to achieve that. >> pelley: thank you, major. will the president's team find a receptive republican congress? nancy cordes is on capitol hill for us tonight. nancy. >> reporter: well, scott, one top republican aide actually told me today that he sees these talks as...
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Dec 1, 2012
12/12
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speech. >> john boehner, they voted for it in 2008 and again in 2012 john boehner making a fuss on this is like the man who lost lotto and still demanding
speech. >> john boehner, they voted for it in 2008 and again in 2012 john boehner making a fuss on this is like the man who lost lotto and still demanding
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Dec 5, 2012
12/12
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democrats complain the new proposal from house speaker john boehner is too vague about tax increases even as it lays out a tough package of spending cuts. for instance raising medicare's eligibility age for the first time in the program's history most likely by two years from 65 to 67 the move would not apply to americans who are close to retirement now. it would be phased in for younger workers such as maggie, a virginia health club manager who just turned 50 last month. >> i think the biggest factor for me is when are you going to retire so you lose your insurance from work and if it goes to 67 you have this two- year gap. what are you going to do? >> reporter: when medicare was created in 1966, the average life expectancy for men was 67 years, today it's 76 and women live on average to 81. one recent study by the kaiser family foundation estimated that shifting medicare eligibility from 65 to 67 would save the federal government $5.7 billion a year. 65 and 66-year-olds would pay an extra $3.7 billion a year to ensure themselves. the employers would pay billions more. >> it would f
democrats complain the new proposal from house speaker john boehner is too vague about tax increases even as it lays out a tough package of spending cuts. for instance raising medicare's eligibility age for the first time in the program's history most likely by two years from 65 to 67 the move would not apply to americans who are close to retirement now. it would be phased in for younger workers such as maggie, a virginia health club manager who just turned 50 last month. >> i think the...
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Dec 1, 2012
12/12
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on the negotiations that are necessary to avoid the cliff, here's how house speaker john boehner described the status there. >> no, there's a stalemate. let's not kid ourselves. i'm not trying to make this more difficult. >> reporter: what set off this reaction was the president's proposal for $1.6 trillion in new taxes over ten years with tst of that coming from a tax hike on single americans making hire than $200,000 and married couples filing jointly making $250,000. boehner has hinted that republicans might raise half of that, $800 billion, but only by reducing tax loopholes. >> getting rid of special interest deductions and not raising rates we think is better for the economy, pure and ecole. >> reporter: there is also a gap on spending cuts. yemocrats say they've already agreed to cut one trillion dollars from future spending, republicans, including majority leader eric cantor, responded with this: >> all of a sudden they're asking for $1.6 trillion in tax hikes and nowhere near that number in spending reforms. >> reporter: democrats are angling to raise taxes on the rich now and neg
on the negotiations that are necessary to avoid the cliff, here's how house speaker john boehner described the status there. >> no, there's a stalemate. let's not kid ourselves. i'm not trying to make this more difficult. >> reporter: what set off this reaction was the president's proposal for $1.6 trillion in new taxes over ten years with tst of that coming from a tax hike on single americans making hire than $200,000 and married couples filing jointly making $250,000. boehner has...
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Dec 4, 2012
12/12
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your web paper says that conservative groups rebel against john boehner. i believe it was just the last battle over the bush tax cuts, the headline was trying to herd cats referring to speaker boehner trying to get his party in line over the battle here. how much pressure is speaker boehner under? does he have real allies at this point, since it seems he's being pulled in multiple directions here? >> speaker boehner is under enormous pressure, and if he needed to have this vote with just his own caucus or conference, he wouldn't be able to get it done. to the vote in the house, i think for every -- i think there's more tom coles there than we know that won't speak up. >> why won't they speak up? are they waiting to see the next round of back and forth? >> well, that could be part of it, but also, they're a little bit concerned about what their constituents are going to say. they don't want their e-mail box bombarded by the heritage foundation. now you see two extreme views. i think you'll end up at the trillion dollar mark, and i think that speaker boehner
your web paper says that conservative groups rebel against john boehner. i believe it was just the last battle over the bush tax cuts, the headline was trying to herd cats referring to speaker boehner trying to get his party in line over the battle here. how much pressure is speaker boehner under? does he have real allies at this point, since it seems he's being pulled in multiple directions here? >> speaker boehner is under enormous pressure, and if he needed to have this vote with just...
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Dec 7, 2012
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john boehner has to let rates go up. i think that's right. whether or not it's to 37 or whether or not we raise the threshold from 250 to something like $500,000 at the point we call people rich, that's a possibility. i think the same thing exists on the entitlement side. there are things that president obama laid on the table in the summer of 2011 we keep talking about. democrats really do not like changes to the measure of inflation applied to social security benefits, and they really do not like raising the eligibility age for medicare. so there are other things that happen? can we scale back the generosity of the obama care subsidies? can we start means testing in additional ways in the medicare program? they have to get creative. >> they got it to get creative, zachary. this comes at the busiest time of the year for retailers and businesses. have you noticed any signs at this point that consumers are at all holding back this holiday season fearing we may go over the so-called fiscal cliff? >> there's a lot of news reports on consumers ho
john boehner has to let rates go up. i think that's right. whether or not it's to 37 or whether or not we raise the threshold from 250 to something like $500,000 at the point we call people rich, that's a possibility. i think the same thing exists on the entitlement side. there are things that president obama laid on the table in the summer of 2011 we keep talking about. democrats really do not like changes to the measure of inflation applied to social security benefits, and they really do not...
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Dec 1, 2012
12/12
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john boehner said the proposal doesn't go far enough. >> there's a stalemate. let's not kid ourselves. >> reporter: congressman eric cantor agrees. >> that offer is not a serious offer. they are asking for $1.6 trillion in tax hikes and nowhere near that number in spending reform. >> reporter: house minority leader nancy pelosi says any delay in a compromise is harmful to consumers and the market. >> the country cannot afford nor should we even think in terms of stalemate. >> reporter: pelosi is pushing gop leaders for a vote to extend middle class tax cuts. the senate has approved the extension but republicans object and instead want all of the bush era tax cuts to be extended including those covering people making over $250,000 a year. anthony? >> anna werner. thanks. for more on the consequences of the fiscal cliff we're joined by robert greenstein the founder and president of budget priorities which analyzes proposed budgets and tax policies with particular emphasis on low-income american. he's in our washington bureau. good morning. >> good morning. >> to
john boehner said the proposal doesn't go far enough. >> there's a stalemate. let's not kid ourselves. >> reporter: congressman eric cantor agrees. >> that offer is not a serious offer. they are asking for $1.6 trillion in tax hikes and nowhere near that number in spending reform. >> reporter: house minority leader nancy pelosi says any delay in a compromise is harmful to consumers and the market. >> the country cannot afford nor should we even think in terms of...
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Dec 7, 2012
12/12
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house speaker john boehner is taking it from all directions this week. president obama and democrats are ripping him for resisting tax hikes on the rich. boehner's own party is giving him a hard time for not resisting hard enough. chief political correspondent carl cam has a deeper look at -- carl cameron has a deeper look at that story. >> john boehner is trying to stave off conservative rebellion in the ranks. his proposal to steer clear of the fiscal cliff raising tax revenue $800 billion closing the loopholes outraged antitax conservatives. when the speaker removed the conserve priv key committees in the past, the battle began. >> $800 billion over ten years and that looks like it would be a tax increase to me. 238 republicans, myself included, took a pledge not to raise taxes. they want to send a message to me to send a message to others. that we are not going to tolerate people who are interested in doing what is right. we want to play the same old game. if you try to disrupt that, we will knock you off a committee. >> for refusing to tow the leade
house speaker john boehner is taking it from all directions this week. president obama and democrats are ripping him for resisting tax hikes on the rich. boehner's own party is giving him a hard time for not resisting hard enough. chief political correspondent carl cam has a deeper look at -- carl cameron has a deeper look at that story. >> john boehner is trying to stave off conservative rebellion in the ranks. his proposal to steer clear of the fiscal cliff raising tax revenue $800...
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Dec 7, 2012
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recently called for john boehner's overthrow by other conservatives in the house. more unink hadded jim demint without having to worry about being a senator is incredibly paralyzing for the republican party. jon: he says he fields he can wield more influence as head of the heritage foundation as he can as a united states senator. here's what he told our bret baier. >> i think i'm in a more powerful position than a single united states senator. i wouldn't feel good about leaving if we didn't have so many new bright young conservatives now in the senate but it's time that conservatives take control of our message and let americans know what we can do to make their lives better. republicans hadn't done that good of a job as a party doing that. jon: he spoke about conservatives, monica, not necessarily republicans. he seemed to be aiming his ire at both parties but republican as well. >> as well he should because the republican establishment for many decades, but now even more recently on the fiscal cliff, they seem to be willing to go down that road of big government,
recently called for john boehner's overthrow by other conservatives in the house. more unink hadded jim demint without having to worry about being a senator is incredibly paralyzing for the republican party. jon: he says he fields he can wield more influence as head of the heritage foundation as he can as a united states senator. here's what he told our bret baier. >> i think i'm in a more powerful position than a single united states senator. i wouldn't feel good about leaving if we...
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Dec 6, 2012
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you have been critical of house speaker john boehner and what is on the table. what he put to the table, $800 billion of tax deduction and closing loopholes already. what do you say to people who say listen, the president won re-election. the republicans have to do something to get a deal? >> we don't have a revenue problem. government doesn't need to take more money out of the economy to give stoit incompetent politicians and bureaucrats. that won't make the middle class or anybody better off. look at obama's policies played out at the state level, greece, all over the world. there is no place they are working or have ever worked. but you can point to states where governor like scott walker or john kasich or rick scott are employing the conservative principles and they are attracting businesses and creating jobs. o'reilly did a great segment comparing texas and california. that is what i want to do with heritage, showcase successes we are having. to republicans concede we need more revenue in the context of not reforming entitlement or the tax code and the pres
you have been critical of house speaker john boehner and what is on the table. what he put to the table, $800 billion of tax deduction and closing loopholes already. what do you say to people who say listen, the president won re-election. the republicans have to do something to get a deal? >> we don't have a revenue problem. government doesn't need to take more money out of the economy to give stoit incompetent politicians and bureaucrats. that won't make the middle class or anybody...
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Nov 30, 2012
11/12
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yesterday, john boehner moved the markets higher. it was joyful talk about a possible deal, but today, it was like a break-up over tax. he went from love to disgust. here he is right after tim geithner put that deal on the table. >> no progress has been made in the talks between the white house and the house over the last two weeks. >> all right. that's pretty grim. stocks lost early games on that news and the day went downhill. harry reid slapped back. >> still waiting for a serious offer from the republicans. >> so they agree on something. no progress. but then it actually went beyond that. reid got a little personal. >> i don't understand his brain so you should ask him, okay? >> funny, but really not so funny. so what happens when the men in charge start throwing sand in the sand box? we just go over the cliff like some are now suggesting? recall what erskine bowles said two weeks ago. >> i think that's crazy. you know, why would you bet the country? really bet the country by going over this fiscal cliff. >> crazy? betting the co
yesterday, john boehner moved the markets higher. it was joyful talk about a possible deal, but today, it was like a break-up over tax. he went from love to disgust. here he is right after tim geithner put that deal on the table. >> no progress has been made in the talks between the white house and the house over the last two weeks. >> all right. that's pretty grim. stocks lost early games on that news and the day went downhill. harry reid slapped back. >> still waiting for a...
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Nov 30, 2012
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the president and john boehner's relationship. john boehner now, when he walks back to hc-5 and he has that meeting with a republican caucus that he's having to drag to the table to bring -- generate new revenue. he now goes back, and boehner faces a very angry caucus. tom cole came out and said, hey, let's go ahead and raise taxes. that was remarkable. eric cantor on this show said, we have to raise additional revenue. republicans have stepped forward and said that. if i were a sitting member of congress right now, a guy on this show who has said for years we have to make a deal, my response to john boehner would be very simple. just stop talking to him. don't talk to them until they make a serious offer. just don't. because this is, after all, a party that's been running the u.s. senate for years, and they've never produced a budget. if they want to offer us something serious, great. if not, well, we'll just sit back and wait. really, i've got to say, i'm really stunned by what happened yesterday, mark. tell us why it happened t
the president and john boehner's relationship. john boehner now, when he walks back to hc-5 and he has that meeting with a republican caucus that he's having to drag to the table to bring -- generate new revenue. he now goes back, and boehner faces a very angry caucus. tom cole came out and said, hey, let's go ahead and raise taxes. that was remarkable. eric cantor on this show said, we have to raise additional revenue. republicans have stepped forward and said that. if i were a sitting member...
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Nov 30, 2012
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john boehner believes they are going nowhere fast. their frustration is the president campaigned on raising taxes of $800 billion and the proposal yesterday was $1.6 billion in taxes, but there is also new spending, about $50 billion. john boehner teed off on that. >> the white house spent three weeks trying to develop a proposal and they sent one up here that calls for $1.6 trillion in new taxes. calls for not even $400 billion in cuts, and they want to have this extra spending that's actually greater and the amount they are willing to cut. it's different was not a serious proposal. >> reporter: boehner saying he stuck his neck out the day after the elect when he said he would put tax revenues on the table. he believes there is very little progress on the white house side in terms of spending cuts. so the boehner position is until the white house puts more spending cuts on the table he's not ready to kit a deal. the white house position is you have got to move forward on this tax position and we'll deal with spending cuts later. they
john boehner believes they are going nowhere fast. their frustration is the president campaigned on raising taxes of $800 billion and the proposal yesterday was $1.6 billion in taxes, but there is also new spending, about $50 billion. john boehner teed off on that. >> the white house spent three weeks trying to develop a proposal and they sent one up here that calls for $1.6 trillion in new taxes. calls for not even $400 billion in cuts, and they want to have this extra spending that's...
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Dec 5, 2012
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house speaker john boehnered off a republican proposal this week but president obama and other democrats have dismissed it because it includes no tax increase for the wealthiest of americans. >> 60% of americans pay slightly more. >> there's only one person out of 307 million americans who can sign something in law, the president. >> boehner is set to meet with small business owners while the president speaks at a conference of corporate ceos. >>> bob dole made an appearance on capitol hill yesterday in a wheelchair frail but still flexing his political might. he could not convince enough republicans to support a disabled rights treaty. the united nations treaty would ban discrimination against people with disabilities. it fell five votes short of getting the needed two-thirds approval in the senate. >>> the world's oldest woman has died at the age of 116. beth cooper is only one of eight people recognized by the begin he was book of world records to have lived that long. she died peacefully yesterday in an assisted living home near atlanta. the title of world's oldest person now belongs
house speaker john boehnered off a republican proposal this week but president obama and other democrats have dismissed it because it includes no tax increase for the wealthiest of americans. >> 60% of americans pay slightly more. >> there's only one person out of 307 million americans who can sign something in law, the president. >> boehner is set to meet with small business owners while the president speaks at a conference of corporate ceos. >>> bob dole made an...
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Nov 30, 2012
11/12
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the white house is calling this proposal an opening bid but house speaker john boehner says no real progress is being made to reach a deal. could be an interesting day for us on wall street. >> i guess. they have a month to figure that out. in the meantime though there's a secret santa. i guess santa decide to do a little early work in the tri- state area, right? >> reporter: that's right. a so-called secret santa is giving away $100,000 in $100 bills to victims of superstorm sandy. a missouri man declined to reveal his name but he is carefully selecting his stops in new jersey and new york to avoid the mob scenes. he says it's not about the money but about random acts of kindness. if we can think of anything good coming out of this storm is seeing people doing these random acts of kindness for people. >> absolutely. >> it's a test on the generosity of others. it's great to hear that there is a secret santa out there helping out. >> reporter: it is. i like that a lot. >> people hugging, handing out the $100 bills, nice gesture. ashley morrison of cbsmoneywatch.com, thank you. >>> a company t
the white house is calling this proposal an opening bid but house speaker john boehner says no real progress is being made to reach a deal. could be an interesting day for us on wall street. >> i guess. they have a month to figure that out. in the meantime though there's a secret santa. i guess santa decide to do a little early work in the tri- state area, right? >> reporter: that's right. a so-called secret santa is giving away $100,000 in $100 bills to victims of superstorm sandy....
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Dec 3, 2012
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but house speaker john boehner says it's not a series plan. >> i was flabbergasted. i looked at him and said you can't be serious. i just never seen anything like it. >> if they are going to force higher rates on virtually all americans because they are not allowing tax rates to go up rob 2% of americans that is something we will have to face. >>> attorneys for oscar grant's family -- grant was shot and killed by police officer johannes mehserle on new years day back in 2009 in two oakland civil rights attorneys will argue before the ninth circuit court of appeals in san francisco that bart police officers should not receive legal immunity. last year a federal judge ruled to let the suit go forward but the officers appealed that ruling to the ninth circuit court. >>> this is day seven of a strike by clerical workers. contract talks between the workers and shippers at the ports of los angeles and long beach have resumed. the walk out by the clerk has dramatically slowed activity at the ports. dock workers are refusing to cross the picket lines. >>> oak 4:36 now. much
but house speaker john boehner says it's not a series plan. >> i was flabbergasted. i looked at him and said you can't be serious. i just never seen anything like it. >> if they are going to force higher rates on virtually all americans because they are not allowing tax rates to go up rob 2% of americans that is something we will have to face. >>> attorneys for oscar grant's family -- grant was shot and killed by police officer johannes mehserle on new years day back in...
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Dec 6, 2012
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a phone call between president obama and house speaker john boehner may be a positive sign in all of this "fiscal cliff" drama, they spoke yesterday raising hopes that formal talks will resume on how to to avoid across-the-board spending cuts and tax increases. we have been saying this for weeks. they will kick in if a budget agreement is not reached by year's end. >>> a number of state lawmakers had their cars fixed and you paid for it. lawmakers lost the perk of a free car about a year ago at least 37 of them deciding to buy the cars. that was an option. they have been using them when the state sold them. first they had all the cars repaired and maintained at state expense. $78,000 worth of work. >> as a taxpayer, you know, it's my money going to it so it's frustrating. >> doesn't sound fair. we work really hard for our money. >> we do. but a source in the legislature says the work was worth it. the state got more money when it sold the cars that were not bought by the lawmakers but had the repairs done. they got more money for those cars. so i guess it evens out. >>> same-sex marr
a phone call between president obama and house speaker john boehner may be a positive sign in all of this "fiscal cliff" drama, they spoke yesterday raising hopes that formal talks will resume on how to to avoid across-the-board spending cuts and tax increases. we have been saying this for weeks. they will kick in if a budget agreement is not reached by year's end. >>> a number of state lawmakers had their cars fixed and you paid for it. lawmakers lost the perk of a free car...
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Dec 6, 2012
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president obama and house speaker john boehner have spoken on the phone. the president also met yesterday with ceos of some of the nation's largest companies hoping to convince them of the need of higher tax rates on upper income americans. >> we are not insisting on higher rates out of spite or bickering but, rather, because we need to raise a certain amount of money. >> house majority leader eric cantor echoed of thoughts of his fellow republicans saying more needs to be done about spending. >>> the colorado movie theater where a gunman opened fire during the latest batman movie will finally reopen next month. aurora's mayor says the cineplex will open to the public on january 18. movie theater plans to run free movies for the first couple of days. you may recall 12 people were killed, 58 others injured, when holmes allegedly james holmes opened fire allegedly in july. >>> same-sex marriage is legal in washington signed into law last night by the governor. dozens of people got marriage licenses at the courthouse in seattle. the state has a three-day wait
president obama and house speaker john boehner have spoken on the phone. the president also met yesterday with ceos of some of the nation's largest companies hoping to convince them of the need of higher tax rates on upper income americans. >> we are not insisting on higher rates out of spite or bickering but, rather, because we need to raise a certain amount of money. >> house majority leader eric cantor echoed of thoughts of his fellow republicans saying more needs to be done...
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first, president obama speaks in pennsylvania, followed by john boehner responded to the president from capitol hill. then eric cantor response of the lighthouse deficit reduction package. later, nancy pelosi addresses the fiscal cliff and middle- class tax cuts. president obama talked about the so-called fiscal cliff and his proposal to end of the bush tax cuts on those earning more than two and a $50,000. ed -- more than $250,000. ["hail to the chief" plays] please have a seat. have a seat. relax for a second. it is good to see all of you. hello. it is good to be back in pennsylvania. it is good to be right here. i want to thank michael, robert, and the investor, joel glickman for hosting me today and giving me a great tour. stand up so everybody can see you, guys. [cheers and applause] there you go. we have a couple of outstanding members of congress here. [cheers and applause] now, i just finished getting a tour of the workshop. i have to say it makes me wish that joel invented this stuff sooner when i was a kid. back then, you couldn't build a roller coaster out of your erector set
first, president obama speaks in pennsylvania, followed by john boehner responded to the president from capitol hill. then eric cantor response of the lighthouse deficit reduction package. later, nancy pelosi addresses the fiscal cliff and middle- class tax cuts. president obama talked about the so-called fiscal cliff and his proposal to end of the bush tax cuts on those earning more than two and a $50,000. ed -- more than $250,000. ["hail to the chief" plays] please have a seat. have...
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Dec 3, 2012
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house speaker john boehner has dismissed president obama's plan as not serious. >>> stock futures indicate there will be modest gains when the stock market opens up this morning. >> yeah. this follows a week when all the key averages posted gains. ashley morrison of cbsmoneywatch.com has the latest on monday in new york. good morning. >> reporter: good morning, frank and michelle. well, asian markets were mostly high they are morning on improved manufacturing data from china. tokyo's nikkei edged up a fraction to a seven month closing high while hong kong's hang seng lost a percent. >>> on wall street there was little movement as investors were cautious with all eyes on the "fiscal cliff." the dow rose 3, nasdaq down 2. >>> so far there's no resolution of the strike by clerical work at the ports of los angeles and long beach. the strike enters its 7th day today dramatically slowing traffic at the nation's busiest cargo complex. dock workers refuse to cross the picket lines. the clerical workers say management has been outsourcing their work. >>> and delta airlines is looking to buy a 49% s
house speaker john boehner has dismissed president obama's plan as not serious. >>> stock futures indicate there will be modest gains when the stock market opens up this morning. >> yeah. this follows a week when all the key averages posted gains. ashley morrison of cbsmoneywatch.com has the latest on monday in new york. good morning. >> reporter: good morning, frank and michelle. well, asian markets were mostly high they are morning on improved manufacturing data from...
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house speaker john boehner today said, quote, we don't have time for the president to continue shifting the goal posts. we need to solve this problem. danielle lee now joins us from capitol hill with more on this story tonight. danielle? >> reporter: jim, good evening. we're just now learning that president obama spoke to house speaker john boehner by phone this afternoon. but we're not hearing of any progress on avoiding the fiscal cliff or on raising the nation's debt ceiling which is currently at $16.4 trillion. there are new concerns about what could happen to the country's credit rating in the new year. each day toward the fiscal cliff is also another day closer to the country maxing out on its borrowing limit. president obama talked to business leaders today. >> the only thing that the debt ceiling is good for as a weapon is to destroy your credit rating. >> reporter: he's worried republicans may re newsto raise the country's debt ceiling to get their way on spending cuts and risk defaulting on the country's loans. >> that is a bad strategy for america. it's a bad strategy for you
house speaker john boehner today said, quote, we don't have time for the president to continue shifting the goal posts. we need to solve this problem. danielle lee now joins us from capitol hill with more on this story tonight. danielle? >> reporter: jim, good evening. we're just now learning that president obama spoke to house speaker john boehner by phone this afternoon. but we're not hearing of any progress on avoiding the fiscal cliff or on raising the nation's debt ceiling which is...
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john boehner is reswrekting the president's michelle proposal involving the fiscal cliff. let's lisp in. >> the president in the coming days. during the campaign the president pledged to american people that he would seek a balanced approach to addressing the debt with a combination of new revenues and spending cuts. the day after the election i said the republican majority would accept new revenue as part of a balanced approach that includes real spending cuts and reforms. now, the white house took three weeks to respond with any kind of a proposal, and much to my disappointment, it wasn't a serious one. still, i'm willing to move forward in good faith. our original framework still stands. instead of raising tax rates, we can produce similar amount of revenue, reforming the tax code to close loopholes and lower tax rates. it's far better for the economy when the american people paver on that approach by 2-1. they favor it eep more when we can also show them that real spending cuts will, in fact, reduce the deficit. now, there have been many conversations over the last cou
john boehner is reswrekting the president's michelle proposal involving the fiscal cliff. let's lisp in. >> the president in the coming days. during the campaign the president pledged to american people that he would seek a balanced approach to addressing the debt with a combination of new revenues and spending cuts. the day after the election i said the republican majority would accept new revenue as part of a balanced approach that includes real spending cuts and reforms. now, the white...
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house speaker john boehner did speak by phone to president obama this week, and it was widely reported the two have agreed to negotiate directly with each other. but boehner said today, "there's no progress to report." >> four days ago, we offered a serious proposal based on testimony of president clinton's former chief of staff. since then there's been no counteroffer from the white house. instead, reports indicate that the president has adopted a deliberate strategy to slow-walk our economy right to the edge of the fiscal cliff. >> sreenivasan: the president has insisted there will be no deal unless republicans agree to raise tax rates on the top 2%. republicans say the tax hikes would only hurt job creation. but in arlington, virginia, vice president biden said today's jobs report shows the economy is turning a corner, so it's critical to get a deal. >> there is a sense... there is a sense that if we can reach an- - act like adults and reach an agreement here on the fiscal cliff, the upside is much higher even than the downside is if we don't. >> sreenivasan: biden said the presiden
house speaker john boehner did speak by phone to president obama this week, and it was widely reported the two have agreed to negotiate directly with each other. but boehner said today, "there's no progress to report." >> four days ago, we offered a serious proposal based on testimony of president clinton's former chief of staff. since then there's been no counteroffer from the white house. instead, reports indicate that the president has adopted a deliberate strategy to...
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. >> but republicans led by house speaker john boehner said the president should quit campaigning and take care of business and some suggest that the president is playing a dangerous game of political brinksmanship. >> i think that the democrats and the president view it to their advantage to run the clock out and dangerously close by the end of the year. if there's a break through, in a short manner, takes a while to get proposals scored by the budget office and legislation drafted. if we were going to act on something until the end of the year, you can't wait until christmas day and hope to pass by new years day. >> reporter: and the latest round of political maneuvering involves pressure from nancy pelosi, democratic leader in the house, to be extend the middle class tax cuts, a bill approved by the u.s. senate. see where that goes. >> jamie: steve with the latest. thank you, kelly has more now. >> kelly: indeed we do. for more on the fiscal cliff stalemate. let's bring in angela mcglowan, and dick, from the south carolina democratic party. look, i've got the questions prepared and
. >> but republicans led by house speaker john boehner said the president should quit campaigning and take care of business and some suggest that the president is playing a dangerous game of political brinksmanship. >> i think that the democrats and the president view it to their advantage to run the clock out and dangerously close by the end of the year. if there's a break through, in a short manner, takes a while to get proposals scored by the budget office and legislation...
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that's the one thing that john boehner said he will not do is raise rates. >> everybody is guessing. i have no more expertise than anyone else. they're guessing we'll go over the cliff. taxes will go up. democrats proposes a bill that cuts taxes on the middle class. the republicans don't dare vote it down. we'll have gotten the higher taxes on the wealthy through this back door route. tim geithner is right. you cannot have a seer imrus plan unless those tax rates on the wealthy go up. >> ifill: the president is... hassles proposedded something that john boehner calls silliness or secretary geithner actually did which is taking thed why of the debt ceiling off of congress' plate. something which members of congress seem to think at least is a no starter. what is the value in putting that out there? >> well again it needs to be said. this is crazy. the way that the debt ceiling works is that congress can actually vote to not tax enough to pay for the spending it proposes and then it can refuse to allow the government to borrow the money to make up the difference between its own spendin
that's the one thing that john boehner said he will not do is raise rates. >> everybody is guessing. i have no more expertise than anyone else. they're guessing we'll go over the cliff. taxes will go up. democrats proposes a bill that cuts taxes on the middle class. the republicans don't dare vote it down. we'll have gotten the higher taxes on the wealthy through this back door route. tim geithner is right. you cannot have a seer imrus plan unless those tax rates on the wealthy go up....
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john boehner asked to go one on one. the president said sure. these are -- i think these are really positive developments. >> yeah, i hope and i believe that to be the case. look, i don't think anybody wants to go over the cliff. and there are reasonable answers to this. there are much more complicated problems than this problem. >> right. >> and everyone knows sort of the parameters of the answer and the question is whether we can get there. >> pretty close. and also, we've got both sides talking about -- john boehner said this a day or two ago, i thought it was telling -- he said all of our money is going to come from the rich as far as the taxes go. they're, of course, not talking about raising the rates or trying to close loopholes. >> we have to resolve that question. >> right, it's a big question to be resolved, but at least both sides are talking about taking money from the same pocket. >> we're obviously light years ahead of where we were before the election. elections have consequences. that's the great thing about democracy. and i thin
john boehner asked to go one on one. the president said sure. these are -- i think these are really positive developments. >> yeah, i hope and i believe that to be the case. look, i don't think anybody wants to go over the cliff. and there are reasonable answers to this. there are much more complicated problems than this problem. >> right. >> and everyone knows sort of the parameters of the answer and the question is whether we can get there. >> pretty close. and also,...
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john boehner is leading an attack on the lack of progress. >> there is a stalemate. let's not kid ourselves. it was not a serious proposal. so right now we're almost nowhere. >> gregg: almost nowhere. how about that? staff writer for roll call joins us live. the president promised a balanced plan, a balanced approach. he must have said eight thousand times. then he finally puts out his offer, it's a plan that doubled the tax hikes that he campaigned on and it adds about $150 billion more, not less to the deficit in and new spending. to republicans with that kind of equivalent of lucy and the football and they are laying flat on their backs? >> republicans scoffed at this first foray from the white house. they thought was ridiculous. for the white house it was the first attempt, first specific plan we've seen since the election being put out there. it was frankly a wish list. john boehner acknowledges as much in his comments was that the white house would like to see. if we do get a deal before christmas it won't look anything like this. >> gregg: instead of meeting w
john boehner is leading an attack on the lack of progress. >> there is a stalemate. let's not kid ourselves. it was not a serious proposal. so right now we're almost nowhere. >> gregg: almost nowhere. how about that? staff writer for roll call joins us live. the president promised a balanced plan, a balanced approach. he must have said eight thousand times. then he finally puts out his offer, it's a plan that doubled the tax hikes that he campaigned on and it adds about $150 billion...
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>>> want to take you live to capitol hill where house speaker john boehner is speaking live to the press and emerged from are a meeting with timothy geithner, treasury secretary. let's listen in to what he has to say. >> i met with erskine bowles and business leaders about averting the fiscal cliff, and achieving t the balance the white house says it wants. i made clear we put real concessions on the line by putting revenues on the table right up front. unfortunately, many democrats continue to rule out sensible spending cuts that must be part of any significant agreement that will reduce our deficit. and mr. bowles himself said there is no serious discussion of spending cuts so far. and unless there is, there is a real danger of going off the fiscal cliff. listen, going off the fiscal cliff will hurt our economy and will cost american jobs. republicans have taken action to avert the fiscal cliff by passing legislation to stop all the tax hikes. to replace the sequester, and pave way for -- pave the way for tax reform and entitlement reform. and we're the only ones with a balanced plan t
>>> want to take you live to capitol hill where house speaker john boehner is speaking live to the press and emerged from are a meeting with timothy geithner, treasury secretary. let's listen in to what he has to say. >> i met with erskine bowles and business leaders about averting the fiscal cliff, and achieving t the balance the white house says it wants. i made clear we put real concessions on the line by putting revenues on the table right up front. unfortunately, many...
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john boehner's proposal includes $800 billion in revenue but doesn't specific where it comes from. barack obama has been specific in his plan and look both sides have their plans and there's going to be negotiation, will probably end up somewhere in between. i don't understand why we can't raise tax rates on the top 1% of people if we're going to get to a balanced plan. why should the middle class pay more when we have people at the top who can pay more. >> okay. your experience as cbo director and elsewhere. the argument is being made that capping deductions whatever 25,000, 50,000, is that where the itemized deductions are, it's the upper end people who will pay for that, and that produces revenues without damaging the economic incentives, the economic growth effect of tax rate incentives. now i want to ask you, objectively, is it possible that it will affect the upper end income people without affecting the tax rate. >> you can get there. the president's budget has $600 billion raised that way. what's frustrating about this is the republicans could have gone back with a specifie
john boehner's proposal includes $800 billion in revenue but doesn't specific where it comes from. barack obama has been specific in his plan and look both sides have their plans and there's going to be negotiation, will probably end up somewhere in between. i don't understand why we can't raise tax rates on the top 1% of people if we're going to get to a balanced plan. why should the middle class pay more when we have people at the top who can pay more. >> okay. your experience as cbo...
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house speaker john boehner also spoke to president obama on the phone last night. he said he wanted to know where the administration would rein in spending, but that he had heard nothing new. >> i was hopeful we'd see a specific plan for cutting spending. we sought to find out today what the president is really willing to do. listen, i remain hopeful that productive conversations in the days ahead can be had but the white house has to get serious. >> sreenivasan: senate minority leader mitch mcconnell echoed that complaint. in a statement, he said, "today, they took a step backward and significantly closer to the cliff." conversely, white house spokesman jay carney charged republicans failed to provide any details on what they could tolerate in the way of tax increases. >> the president has always engaged in this with real numbers. when you talk about flexibility on revenue, all we've heard so far and it's welcomed, don't get me wrong, but we've heard that yes, revenue on the table but we need more than that. >> sreenivasan: away from the microphones, there were re
house speaker john boehner also spoke to president obama on the phone last night. he said he wanted to know where the administration would rein in spending, but that he had heard nothing new. >> i was hopeful we'd see a specific plan for cutting spending. we sought to find out today what the president is really willing to do. listen, i remain hopeful that productive conversations in the days ahead can be had but the white house has to get serious. >> sreenivasan: senate minority...
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. >> hat do you make of when you hear the speaker, john boehner over the weekend say we haven't made any progress at all. we're at a stalemate. does that worry you? >> well, i think it's clearly coming together on a joint solution and there's going to be a lot of gives and takes. but it will take everybody working together both on the revenue side and -- >> ceo of ford when you hear about the fiscal cliff and what it can do in terms of raising taxes on middle class families, even obviously wealthier individuals your concerned about sales? >> this is really an important question because, you know, clearly the actions that congress put in place to deal with the fiscal cliff is very important because if those actions actually took place then it clearly has a big impact on purchase decisions for all of us and clearly would slow down the economy. so we really do need to come together with a joint solution. >> alan mulally, jim farley, thank you. >> lincoln. >> yeah. all right. charlie -- >> very competitive business. >> nasa is an interesting story that we're talking about too this mornin
. >> hat do you make of when you hear the speaker, john boehner over the weekend say we haven't made any progress at all. we're at a stalemate. does that worry you? >> well, i think it's clearly coming together on a joint solution and there's going to be a lot of gives and takes. but it will take everybody working together both on the revenue side and -- >> ceo of ford when you hear about the fiscal cliff and what it can do in terms of raising taxes on middle class families,...
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they said on the call john boehner told the president to leave the tax cuts for the rich alone. the president says he doesn't want to do that. he's going to stick with his plan to raise $1.6 billion in revenue and if republicans have something better they should be specific now. eric cantor said republicans are already going further than they did in the same spot in 2010. >> we have done our part. we have put revenues on the table, something we didn't do two years ago during the debt ceiling negotiations. >> we've seen some positive developments in the last several weeks, in terms of what republicans have been saying about the need for revenue as part of a balanced package. the president will continue to make the case that that is essential. >> reporter: so both sides saying revenue is on the table, now the fight is obviously to figure out where it's going to come from, how the government is going to make more money. democrats want it to come from increased tax rates on the rich, republicans would prefer to make that extra money by reforming the tax code and entitlements. bill:
they said on the call john boehner told the president to leave the tax cuts for the rich alone. the president says he doesn't want to do that. he's going to stick with his plan to raise $1.6 billion in revenue and if republicans have something better they should be specific now. eric cantor said republicans are already going further than they did in the same spot in 2010. >> we have done our part. we have put revenues on the table, something we didn't do two years ago during the debt...
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because earlier this week, we had the speaker, john boehner, saying that he was optimistic. now he's saying no substantial progress has been made. it seems like the two sides don't trust each other. and the republicans were angry that there weren't some real cuts on the line. >> well, you know, i think you're right. but, i mean, i think this time is a replay of the last time. and i think the last time was a row play of the time before that. i mean, these things just go on and on and on. they are not really negotiating yet. this deal will be done when it's done. and until then not much has happened. this is all show. this is all talking. they're not down to the heart of it yet. >> what about those people who say let the fiscal cliff happen? go over the cliff and see what happens and what political advantage we can gain from that? >> i can't imagine -- i can't imagine when it finally gets down to it that rational people would let that happen. i mean, to throw the country into a recession, which you almost would certainly have. to have these draco nian cuts. you would have cuts
because earlier this week, we had the speaker, john boehner, saying that he was optimistic. now he's saying no substantial progress has been made. it seems like the two sides don't trust each other. and the republicans were angry that there weren't some real cuts on the line. >> well, you know, i think you're right. but, i mean, i think this time is a replay of the last time. and i think the last time was a row play of the time before that. i mean, these things just go on and on and on....
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bill: in minutes how speaker john boehner in a fox news alert now is there movement or is washington dead in the water on the fiscal cliff. we are about to find out. [ male announcer ] if you're eligible for medicare, now is a good time to think about your options. are you looking for a plan that really meets your needs and your budget? as you probably know, medicare only covers about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they cover some of what medicare doesn't pay. and could save you in out-of-pocket medical costs. call today to request a free decision guide to help you
bill: in minutes how speaker john boehner in a fox news alert now is there movement or is washington dead in the water on the fiscal cliff. we are about to find out. [ male announcer ] if you're eligible for medicare, now is a good time to think about your options. are you looking for a plan that really meets your needs and your budget? as you probably know, medicare only covers about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance...
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. >> house speaker john boehner said this isn't the time for public posturing for either side. and he added that what he wants to see right now is serious negotiations and added he's willing to do just that. hundreds of billions of the dollars of cut. >> cole: take effect as of january 1. >>> stocks ended flat at negotiations on that fiscal cliff tended to stall. >>> a rare crime for one south bay city, a luxiourious south bay mansion -- why they're [ male announcer ] this december, remember -- you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. >> we return now to our storm watch coverage: flooding shut down a portion of the great highway. the coast guard warned of strong surf after a craft advisory was issued for most of the day. when you look at storm tracker what do you see here? >> that storm watch is going to stay in effect now. as we get into saturday night, sunday mor
. >> house speaker john boehner said this isn't the time for public posturing for either side. and he added that what he wants to see right now is serious negotiations and added he's willing to do just that. hundreds of billions of the dollars of cut. >> cole: take effect as of january 1. >>> stocks ended flat at negotiations on that fiscal cliff tended to stall. >>> a rare crime for one south bay city, a luxiourious south bay mansion -- why they're [ male...
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about to pay a call on house speaker john boehner. speaker boehner a key republican and after his meeting with geithner this morning, boehner said these urgent talks haven't moved forward in two weeks. keep in mind, they need to get it done by january 1st and here's boehner getting grumpy with cnn's kate baldwin. take a look. >> to this point, most -- most public statements have been optimistic, confident, hopeful. we're all sensing a very different tone from you right now. are you walking away from talks? have things completely broken down, mr. speaker? >> no, no, no. stop. i got to tell you. i'm disappointed in where we are and disappointed in what's happened over the last couple of weeks. but going over the fiscal cliff is serious business. and i'm here seriously trying to resolve it. and i would hope the white house would get serious, as well. >> all right. so once again, here are the cliff notes right here. republicans on the hill are demanding trillions of dollars worth of debt reduction. that's pretty much fine with democrats w
about to pay a call on house speaker john boehner. speaker boehner a key republican and after his meeting with geithner this morning, boehner said these urgent talks haven't moved forward in two weeks. keep in mind, they need to get it done by january 1st and here's boehner getting grumpy with cnn's kate baldwin. take a look. >> to this point, most -- most public statements have been optimistic, confident, hopeful. we're all sensing a very different tone from you right now. are you...
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john boehner gave an eagle scout the honor of flipping that switch. >> 3,
john boehner gave an eagle scout the honor of flipping that switch. >> 3,
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john boehner is already ready for $800 billion of ip creancre tax revenue. calculating deductions, eliminating loopholes. are you with the speaker of the house on that? >> unfortunately, the policies of the president obama have already taken us over the cliff. if you meet with businesses like i do all the time, they already pared back plans and hiring for next year, anticipating what's going to happen. we can fix this christmas eve, if we want, but we've already hurt the economy and hurt job growth. >> are you with boehner? >> i am not with boehner. this government doesn't need any more money. this country needs less government. we are going to have historic levels of revenue to the government this year, but we've doubled spepding in the last ten years. >> everyone's taxes are going to go up at the end of the year if there's no deal. >> we have already offered to extend current tax rates. that's what we should have done six months ago until we could come to some agreement, some compromise on tax reform. >> when you say compromise, where are you ready to comp
john boehner is already ready for $800 billion of ip creancre tax revenue. calculating deductions, eliminating loopholes. are you with the speaker of the house on that? >> unfortunately, the policies of the president obama have already taken us over the cliff. if you meet with businesses like i do all the time, they already pared back plans and hiring for next year, anticipating what's going to happen. we can fix this christmas eve, if we want, but we've already hurt the economy and hurt...